{"abstract":"This rule streamlines the FHA financial statement reporting requirements for lenders and mortgagees who are supervised by federal banking agencies and whose consolidated assets do not meet the thresholds set by their supervising federal banking agencies for submission of audited financial statements (currently set at $500 million in consolidated assets). HUD's regulations currently require all supervised lenders and mortgagees to submit annual audited financial statements as a condition of FHA lender approval and recertification. Through this rule, in lieu of the annual audited financial statements, small supervised lenders and mortgagees would be required to submit their unaudited financial regulatory reports that align with their fiscal year ends and are required to be submitted to their supervising federal banking agencies. Small supervised lenders and mortgagees would only be required to submit audited financial statements if HUD determines that the supervised lenders or mortgagees pose heightened risk to the FHA insurance fund. This rule does not impact FHA's annual audited financial statements submission requirement for nonsupervised and large supervised lenders and mortgagees. The rule also does not impact those supervised lenders and mortgagees with consolidated assets in an amount that requires that lenders or mortgagees submit audited financial statements to their respective supervising federal banking agencies. Additionally, this final rule, consistent with the proposed rule, makes three technical changes to current regulations regarding reporting requirements for FHA-approved supervised lenders and mortgagees.","action":"Final rule.","agencies":[{"raw_name":"DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT","name":"Housing and Urban Development Department","id":228,"url":"https://www.federalregister.gov/agencies/housing-and-urban-development-department","json_url":"https://www.federalregister.gov/api/v1/agencies/228","parent_id":null,"slug":"housing-and-urban-development-department"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2013/09/17/2013-22583.html","cfr_references":[{"chapter":null,"citation_url":null,"part":5,"title":24},{"chapter":null,"citation_url":null,"part":202,"title":24}],"citation":"78 FR 57058","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Effective Date: October 17, 2013.","disposition_notes":null,"docket_ids":["Docket No. FR-5536-F-02"],"dockets":[],"document_number":"2013-22583","effective_on":"2013-10-17","end_page":57061,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2013/09/17/2013-22583.xml","html_url":"https://www.federalregister.gov/documents/2013/09/17/2013-22583/federal-housing-administration-fha-approval-of-lending-institutions-and-mortgagees-streamlined","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2013-22583?publication_date=2013-09-17","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2013-09-17/2013-22583/mods.xml","not_received_for_publication":null,"page_length":4,"page_views":{"count":1604,"last_updated":"2026-09-21 16:15:06 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2013-09-17/pdf/2013-22583.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2013-22583.pdf?1379335772","publication_date":"2013-09-17","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2013/09/17/2013-22583.txt","regulation_id_number_info":{"2502-AJ00":null},"regulation_id_numbers":["2502-AJ00"],"regulations_dot_gov_info":{"supporting_documents":[],"comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=HUD-2013-0029","supporting_documents_count":0,"docket_id":"HUD-2013-0029","regulation_id_number":null,"title":"FR–5536–P–01 Federal Housing Administration Approval of Lending Institutions and Mortgagees: Streamlined Reporting Requirements for Small Supervised Lenders and Mortgagees","checked_regulationsdotgov_at":"2013-10-07T06:00:08Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":57058,"subtype":null,"title":"Federal Housing Administration (FHA) Approval of Lending Institutions and Mortgagees: Streamlined Reporting Requirements for Small Supervised Lenders and Mortgagees","toc_doc":"Streamlined Reporting Requirements for Small Supervised Lenders and Mortgagees","toc_subject":"Federal Housing Administration Approval of Lending Institutions and Mortgagees:","topics":["Administrative practice and procedure","Aged","Claims","Crime","Government contracts","Grant programs-housing and community development","Home improvement","Individuals with disabilities","Intergovernmental relations","Loan programs-housing and community development","Low and moderate income housing","Manufactured homes","Mortgage insurance","Penalties","Pets","Public housing","Rent subsidies","Reporting and recordkeeping requirements","Social security","Unemployment compensation","Wages"],"type":"Rule","volume":78}